Chaffee County Extends Business Personal Property Declaration Tax Filing Deadline

GOVERNOR DELAY’S TAXPAYER FILING REQUIREMENTS FOR CERTAIN TAXABLE PROPERTY (Due April 15) EXTENDED TO JUNE 15, 2020

Last week Chaffee County put out it’s own version of the business personal property tax deadline extention, addressing the impact of the coronavirus pandemic known as COVID-19. Then late last week Governor Jared Polis signed Executive Order D 2020 22 that extended the responsibility to file certain documents and information to June 15.

These documents are typically due to county assessors April 15. This does not affect payment dates, or forgive the necessity to ultimately file, but relieves an administrative burden on certain businesses and owners of taxable property to file by April 15.

In the order, the Governor directed the State Board of Equalization to promulgate emergency rules to extend these filing deadlines to June 15, 2020. The Governor further directed the board to amend the remainder of the assessment calendar to adjust the timeframe for county assessors and county boards of equalization to complete their work, offer taxpayers time to protest and appeal value, and still certify values by the final December 10 certification date.

PROPERTY TYPES INCLUDED Certain Annually Reappraised Properties

1. Taxable (Business) personal property, C.R.S. §§ 39-5-108 and 39-5-116(1);

2. Taxable natural resource property (mining), C.R.S. §§ 39-5-115(1), 39-5-116(1), 39-6-106(1), and 39-6-113(3);

3. Taxable oil and gas property, C.R.S. §§ 39-7-101(1), (2); 39-5-113.3(1), and 39-5-116(1).

The State Board of Equalization will meet the week of April 6, 2020 in an emergency meeting (tentatively planned for April 9, 2020) to promulgate the emergency rules necessary to execute this order.

There are two methods in which to submit tax declarations: